Economy FeaturedKuwait sees $39.9 bn budget deficit for new fiscal yearInternational Finance Business DeskFebruary 1, 2021 by International Finance Business DeskFebruary 1, 2021The Kuwaiti economy expects state revenues of KD10.9 billion in the new fiscal year...Read more
Magazine Oil & GasBrazil’s great asset lies in the deep-seaWebAdminJanuary 25, 2021January 29, 2021 by WebAdminJanuary 25, 2021January 29, 2021Oil produced from pre-salt assets has captured China’s interest. New finds are about to make remarkable progress...Read more
Featured Oil & GasBrazil’s oil is not fully impacted by contagion effects of economic crisisInternational Finance Business DeskNovember 18, 2020November 18, 2020 by International Finance Business DeskNovember 18, 2020November 18, 2020By September, Brazil became the third largest supplier of crude oil to China, and is strengthened by the pre-salt Tupi oilfield...Read more
Featured ForexLow dollar demand underpins Kenya’s forex by Sh760 mnInternational Finance Business DeskNovember 12, 2020November 12, 2020 by International Finance Business DeskNovember 12, 2020November 12, 2020Remittance inflows stood at $260.7 million in September compared to Sh29.7 billion and Sh29.9 billion in the previous two months...Read more
Featured Oil & GasEurope seeks to digitise oil industry for offshore personnelInternational Finance Business DeskNovember 10, 2020 by International Finance Business DeskNovember 10, 2020A report shows a decrease of nearly 4,000 offshore personnel in the UK since the lockdown in March...Read more
coverstory MagazineWhat the pandemic means for Saudi banksWebAdminJuly 22, 2020July 23, 2020 by WebAdminJuly 22, 2020July 23, 2020SAMA has injected $13.3 billion capital into the banking industry in the wake of economic challenges...Read more
Featured Oil & GasChina’s oil demand rebounds to 90% pre-Covid-19 levelsPritam BordoloiJune 4, 2020 by Pritam BordoloiJune 4, 2020Demand is expected to reach 92% in May...Read more
Featured Oil & GasOil price increases above Dh110 a barrel after reduced activityInternational Finance Business DeskMay 18, 2020May 19, 2020 by International Finance Business DeskMay 18, 2020May 19, 2020Last month, Opec expected the sector to shrink 6.85 mn bpd...Read more
Energy FeaturedSaudi Arabia creates ‘renewable energy strategy’ to free up oil exportsInternational FinanceJanuary 15, 2020March 18, 2020 by International FinanceJanuary 15, 2020March 18, 2020A good energy mix is crucial to the Kingdom’s long-term economic prosperity...Read more
Oil & GasSaudi Aramco shares fall $200 bn amid fears of impending US-Iran warInternational FinanceJanuary 9, 2020January 24, 2020 by International FinanceJanuary 9, 2020January 24, 2020Under the shadow of a US-Iran clash, Saudi Aramco shares have plunged by 10%...Read more